CHAPTER 5. OF THE PRICE OF THE CONTRACT OF SALE Art. 2464. Price, essential elements The price must be fixed by the parties in a sum either certain or determinable through a method agreed by them. There is no sale unless the parties intended that a price be paid. The price must not be out […]
Art. 2465. Price left to determination by third person The price may be left to the determination of a third person. If the parties fail to agree on or to appoint such a person, or if the one appointed is unable or unwilling to make a determination, the price may be determined by the court. […]
Art. 2466. No price fixed by the parties When the thing sold is a movable of the kind that the seller habitually sells and the parties said nothing about the price, or left it to be agreed later and they fail to agree, the price is a reasonable price at the time and place of […]
